SINGAPORE: Marine fuel sales volumes in the United Arab Emirates’ (UAE) marine refuelling and oil storage hub of Fujairah climbed 7% in April to just over 674,000 cubic meters, data from S&P Global Platts showed.
The higher volumes came amid better-than-expected demand during the month, trade sources said.
Low-sulphur bunker sales totalled 561,000 cubic meters in April, Reuters calculations showed.
The share of low-sulphur sales to overall bunker volumes were 83% in April, compared with 80% in March, Reuters calculations showed. 380-cst high-sulphur fuel oil (HSFO) sales dropped 10% in April to 113,000 cubic meters while sales of the mainstream 380-cst very low sulphur fuel oil (VLSFO) jumped 11% to 532,000 cubic meters, the second highest on record.
In Singapore, the world’s top bunkering hub, marine fuel sales volumes in Singapore rose 1% in April to a three-month high of 4.26 million tonnes, and were up 3% from the same period last year, official data showed.
Comments
Comments are closed.